CANEX Metals Launches Equity Financing for Louise Copper-Gold Exploration

CANEX Metals Inc. announced a new equity financing initiative to support exploration efforts at its Louise copper-gold porphyry system in British Columbia. The well-defined deposit includes significant copper and gold grades and spans a notable area. A modern survey is planned to explore the region further, aiming to uncover its full potential.

The company aims to raise up to $300,000 through a private placement, offering common and flow-through shares. Funds from these are designated for exploration in line with Canadian tax incentives for critical mineral expenditures. The shares will target accredited investors, with a mandatory hold period post-closing. No broker commissions will apply.

This move is contingent on regulatory approvals, with CANEX utilizing exemptions from formal valuation requirements due to the placement's market value. The proceeds will advance projects at Louise and Gold Range, reinforcing CANEX's exploration trajectory.